Due to Martin Luther King Day celebrations on 20th of January 2020, cash payments and transfers in USD (funding, withdrawal and transfers between the client’s financial instruments accounts) will not be processed.
Payment orders (incl. funding, withdrawal, internal fund distribution) in US dollars received by Renesource Capital on 17th of January 2020 after cut-off time (10:00 AM GMT Time) and 20th of January 2020, will be processed and executed on the next business day – 21st of January 2020. Currency exchange with physical delivery instructions received on 17th of January 2020 after cut-off time and 20th of January 2020 will be executed on SPOT/TOM basis.
Brokerage department will operate shortened hours from 07:00 to 20:00 Riga (From 05:00 to 18:00 GMT).
We kindly ask you to plan ahead your expected financial instrument transactions, cash flows and payments.
We kindly remind You that trading during non-standard – outside of standard trading hours (incl. public holidays on G8 markets) may differ significantly from the standard, normal, everyday trading, due to lack of market liquidity as well as limited number of available liquidity providers. Trading spreads can widen and markets may gap, in case there is significant news announcements or press-releases during the public holidays. Widening of trading spreads thereby may activate Margin Call and/or Stop Out (Stop Loss) on your trading account! It is highly recommended to maintain the use of Leverage at normal levels. The client shall be solely responsible for maintaining and controlling sufficient margin in relation to the existing positions.
If you have any further questions, please do not hesitate to contact Your Account Manager or Capital Markets team.
Renesource Capital Brokerage Department